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Nov 29, 2012
11/12
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CURRENT
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that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife but i think there is also more of a sense that we're all in this together. as you point out i mentioned germany, but it's, you know, france all the way through the nordic countries. the other thing that's key is in a newly emerging democracy like brazil the workers through collective bargaining is four to five times the level of the united states. you have rising wages millions of brazilian workers coming into middle income status, able to buy the things they produce and a growing economy in brazil. here the micro system of each employer trying to maximize profits at the expense of employees is leading us to a sled ride to the bottom. that's a large reason our economy is
that's not the american dream and that's not the way you make an economy work. they're way and you have whack. >> you raised the issue of germany. many point to it's robust economy and manufacturing sector who would resist here worker representationen oh the board of directors. how has the actual representation impacted labor strife over in europe, for example? >> you know, there is some strife but i think there is also more of a sense that we're all in this together. as you point...
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Nov 25, 2012
11/12
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FBC
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but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they wer down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with saring tuition and crying ful. but some in the forbes team say it is it great for students and could lower tuition . there is it a flip side you lock p.m. eastern time and now bac to forbes on fox. just in time for the college football. new report shows that coaches are scoring big-time. froof them making two million bucks a season and a lot of parents and students are calling for cuts to help cut college costs. john, you say that is good for schools and students. you got to explain. this is a flip side. >> absolutely. parents and students need to relax and realize that football coaches get a fraction of all of the money. donations go up that pra
but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they wer down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with saring tuition and crying ful. but some in the forbes team say it is it great for students and could...
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Nov 24, 2012
11/12
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FOXNEWSW
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but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they were down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with soaring tuition and crying foul. but some in the forbes team say it is it great for students and could lower tuition . there is it a flip side you don't want to miss and that's next d. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >> live from america's head quarters. i am healther childers. new develop am
but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they were down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with soaring tuition and crying foul. but some in the forbes team say it is it great for students and...
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Nov 28, 2012
11/12
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CSPAN2
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economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger problem is the flip side. they match that. now we realize people don't save. that is central for along time. that is the thing we never fixed and that is driving of affect we have financial problems and the fact we have big problems, return to financial messes going up worldwide for cost of labor everywhere, americans don't have anything to take advantage of. equally wide. we will fight a land war in asia over tax issues we will never fix the inequality problem if we don't get ahead. >> steve? >> there are a lot of issues we need to
economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger...
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Nov 25, 2012
11/12
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FBC
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but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they were down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with soaring tuition and crying foul. but some in the forbes team say it is it great for students and could lower tuition . there is it a flip side you there is it a flip side you [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register yo purchase online. have a super sparkly day! ok. [ male announcer now all you need is a magic carriage. citi price rewind. buy now. sa
but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they were down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with soaring tuition and crying foul. but some in the forbes team say it is it great for students and...
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Nov 28, 2012
11/12
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>> remember the first one is the economy, don't mistake the economy -- the economy is more like a cat than a washing machine. the second rule is small is beautiful because it is less fragile. decentralize that small. third rule is skin in a game to make sure that nobody's antifragile at the expense of others. and a fourth rule -- i mean i have like six or seven rules. let me pick one at random -- a good rule is that -- >> by antifragile. >> no. very important rule is to make sure that bailouts help individuals, not companies. in fact we have the exact opposite. we're going to have social unrest if it continues. >> that is a great place to leave it. it is a very interesting and thought provoking book. nice to have you back with us. >> thanks for inviting me. >> pleasure to have you. "antifragile." and i think it is going to be a best seller, ty. >> thank you very much, sue. >>> congressional leaders meeting with america's ceos at this hour to discuss solving our fiscal mess. they're going to hold a press conference shortly and we will take it live. >>> before that though, we're going t
>> remember the first one is the economy, don't mistake the economy -- the economy is more like a cat than a washing machine. the second rule is small is beautiful because it is less fragile. decentralize that small. third rule is skin in a game to make sure that nobody's antifragile at the expense of others. and a fourth rule -- i mean i have like six or seven rules. let me pick one at random -- a good rule is that -- >> by antifragile. >> no. very important rule is to make...
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Nov 26, 2012
11/12
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CSPAN
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how long as the economy going to be in weak condition? but also, what is the fed's response -- how is the fed going to respond to economic conditions? those two things are conflicted with the date. we recognize that. we have tried to address that a bit in our language that i mentioned in my remarks, going back to september when we said that air date with respect to the rate beginning to rise is mid-2015, but we also make clear we anticipate raising rates only after the economic recovery has begun to strengthen. clearly, an important reason why we are looking to hold rates low for almost three years is we want to be particularly sure not to take away accommodation before the hour economy has established an upward momentum, so to speak. different ways to communicate that information -- one would be to provide specific numbers on what economic conditions would make us consider the prospect of removing accommodation. several people on the committee have made suggestions. this is something we are looking at very carefully. it does have the adv
how long as the economy going to be in weak condition? but also, what is the fed's response -- how is the fed going to respond to economic conditions? those two things are conflicted with the date. we recognize that. we have tried to address that a bit in our language that i mentioned in my remarks, going back to september when we said that air date with respect to the rate beginning to rise is mid-2015, but we also make clear we anticipate raising rates only after the economic recovery has...
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Nov 21, 2012
11/12
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CSPAN2
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economy and u.s. consumer and how much overhang is there, i don't know where you get the growth if you leave the private weight out there where it is today, doug? >> there's a lot to that. we tried to get transparency on the balance sheets, the dodd-frank, hardly finished, and there's a debate whether we did it well, but it cares for the financial plumbing and making sure it does not fall apart. >> no more corruption, it's cleaned out in your -- >> we'll have this conversation later. you know, but, things happen there. the bigger problem is the flip side. not that much debt, houses add value, matched up, thought they were okay. now, we realize people don't save enough. that's. true for a long time. that's what we never fixed. that's what drives the fact we had the financial problems, that's what is driving the fact that we have the problems, the return to financial investments, going up worldwide, paired with low cost labor everywhere. americans don't have any way to take advantage of that. we have th
economy and u.s. consumer and how much overhang is there, i don't know where you get the growth if you leave the private weight out there where it is today, doug? >> there's a lot to that. we tried to get transparency on the balance sheets, the dodd-frank, hardly finished, and there's a debate whether we did it well, but it cares for the financial plumbing and making sure it does not fall apart. >> no more corruption, it's cleaned out in your -- >> we'll have this conversation...
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Nov 27, 2012
11/12
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it's going to be maybe a tough economy. maybe they telling us this is the best -- and wouldn't you rather have it than blow it on some junky mna deal or hire when it would be a bad time to hire? >> about half of the returns from stocks since 1926 have come from dividends. it's not an insignificant part of the total return over a long period of time. listen, i don't know if companies are really fooling people anyway. if you have all the cash sitting on your balance sheet that's earning zero, that's not a particularly efficient use of the cash either. as a shareholder, i'd rather have the money. >> it's better than them doing something foolish with the money. if a company like apple were to announce a special dividend, i'd rather see them buy back the shares as a signal that stock is undervalued than return the capital back to me. >> there you are. that was a good discussion. appreciate that very much. always good to see you both. we'll take a break. when we come back, winter is coming and so is the fiscal cliff. there i said
it's going to be maybe a tough economy. maybe they telling us this is the best -- and wouldn't you rather have it than blow it on some junky mna deal or hire when it would be a bad time to hire? >> about half of the returns from stocks since 1926 have come from dividends. it's not an insignificant part of the total return over a long period of time. listen, i don't know if companies are really fooling people anyway. if you have all the cash sitting on your balance sheet that's earning...
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huge positive deal that is important not just for russia's energy sector but for the entire russian economy the global energy map is changing in a dramatic fashion the international energy agency has recently published its world energy outlook two thousand and twelve it projects the world demand for energy resources more than triple by twenty to thirty five and sixty percent of those growth will be concentrated in china india and the middle east with almost ninety percent of middle eastern oil flowing to asia the us iraq is said to become the second largest oil producer and the lead in all supplier to china the world's leading edge of storage it says the u.s. is on course to replace so directly or as a largest oil producer by around twenty twenty the united states which currently imports around twenty percent of that startle engineer. is predicted to become all but self-sufficient in that sounds dramatic reversal of the energy transfer seen in most other energy imports and can trace much of this is based on unconventional methods of fracturing sites or shale rock she also projects hotly deb
huge positive deal that is important not just for russia's energy sector but for the entire russian economy the global energy map is changing in a dramatic fashion the international energy agency has recently published its world energy outlook two thousand and twelve it projects the world demand for energy resources more than triple by twenty to thirty five and sixty percent of those growth will be concentrated in china india and the middle east with almost ninety percent of middle eastern oil...
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of the economy because you don't have the prospects of the oil sector driving growth in the way it did in the two thousands prices rose volumes rose and you've got this sort of six to eight percent growth for a decade on the back of that now we're in a world in which the argument is are we going to have plateau all. all right i'm going because i want to talk about peak oil market but all we are we going to are we going to stay with you know all production roughly where it is or will it fall so that's not going to be a source of growth but russia wants to grow it aspires to catch up and we convert right us and so you've got this new investment policy that the president's talking about entry privatization improving the investment climate to try and make investment increased investment in more effective investment the driver of growth in the economy and that's good i think i think that's a sensible policy and it doesn't preclude trying to expand your export group routes expand your supplies to asia both oil and gas that can co-exist with it dimitri is the russian government doing the righ
of the economy because you don't have the prospects of the oil sector driving growth in the way it did in the two thousands prices rose volumes rose and you've got this sort of six to eight percent growth for a decade on the back of that now we're in a world in which the argument is are we going to have plateau all. all right i'm going because i want to talk about peak oil market but all we are we going to are we going to stay with you know all production roughly where it is or will it fall so...
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Nov 21, 2012
11/12
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we have been able to help lead the opening of the global economy. we have been able to create some positive dynamic in the wake of the global economy is developed, and without america pushing, what are the alternatives? to we really want the chinese economic model has kind of the new view of how the world economy is going? >> of course business in general you want to support. as you look at the jobs growth, it actually is not from small business or big business. young, high growth of to the real business. open a restaurant. >> it is me on the head. >> you have to focus, not just small business. small business and large businesses great. the future of america will be young hunter bernard accompanies. jobs axed to death, startup act. to make sure we remain a startup nation. >> just for a quick moment, it built around the world again. i ask people what they think the sources of american power of art, the pentagon or the size of the federal debt. if you are the biggest debtor in the world that gives you a certain power. are you optimistic that these can
we have been able to help lead the opening of the global economy. we have been able to create some positive dynamic in the wake of the global economy is developed, and without america pushing, what are the alternatives? to we really want the chinese economic model has kind of the new view of how the world economy is going? >> of course business in general you want to support. as you look at the jobs growth, it actually is not from small business or big business. young, high growth of to...
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Nov 22, 2012
11/12
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FOXNEWSW
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. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>. >> bill: remember the cuban missile crisis, 9/11, katrina, those were events that felt like the world were coming. there are people that are worried about other kinds of doomsdays and they plan on surviving. >> it looks like in has been another series of attacks, cyber attacks on united states banks. >> bill: recent cyber attacks could have doomsday style consequences. that has our government concerned. >> attackers could also seek to disable or degrade critical military systems and communication networks. collective result of these kinds of attacks could be a cyber pearl harbor. >> we have an insane regime in iran run by people who are psychotic who may get the nuclear weaponry to act on their insane thoughts. that means we could have a nuclear holocaust. >> what we depict on our show they have a variety they are concerned about. everything from tsunami to a nuclear blast. >> a koe executive producer of doomsday preppers. >> there are three touch stones. first touch stone is
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>. >> bill: remember the cuban missile crisis, 9/11, katrina, those were events that felt like the world were coming. there are people that are worried about other kinds of doomsdays and they plan on surviving. >> it looks like in has been another series of attacks, cyber attacks on united states banks. >> bill: recent cyber attacks could have doomsday style...
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Nov 29, 2012
11/12
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FBC
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if they resolve the fiscal cliff and the economy remains growing, although kind of sluggish -- here is another scenario, we have a loss of revenue from growth money. we are in a situation where we will prepare for the best, hope for the best, but anticipate a negative growth in the economy. liz: there is actually what we are calling the twinkie of fact. it is a negative bidder twinkie affect. there is a hostess plant where you live. how many jobs will that drop-off, as far as employment is concerned? >> a few hundred. clearly, any kind of negative constriction of the marketplace impacts us. even if it is a negative state. clearly, here at home, the good news for us is we are going at a 3.5% rate now economically. we are creating jobs. we have a healthy economy and a great quality of life which is attracting people and businesses to utah. we do not have control over what happens in washington, d.c. we are being very cautious as we go forward waiting to see resolution, out of washington, d.c. liz: i saw a quote of something you said. i thought it was perfect for washington. compromise sh
if they resolve the fiscal cliff and the economy remains growing, although kind of sluggish -- here is another scenario, we have a loss of revenue from growth money. we are in a situation where we will prepare for the best, hope for the best, but anticipate a negative growth in the economy. liz: there is actually what we are calling the twinkie of fact. it is a negative bidder twinkie affect. there is a hostess plant where you live. how many jobs will that drop-off, as far as employment is...
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Nov 29, 2012
11/12
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CNBC
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how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an increase in the payroll tax. .9%, 2.9 to 3.8%, small business busy and self-employed. how does that promote growth. they're going to be hiring less and there are going to be fewer employees. >> don't they talk about this? why don't they do the add-ones that you're doing on the obama care taxes? >> i'm actually not sure about this. i'm pretty confused about why the romney campaign didn't hit the obama care tax argument harder on the campaign trail because the supreme court ruled it a tax for good reason. it had gone through the numbers here on your show. this hit small business
how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an...
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Nov 24, 2012
11/12
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CNNW
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economy is driving the u.s. economy. 75 misof economic activity. maybe that's not a good economic model if we're sending people out with borrowed money and saving. the same people going out and shopping this past week are the same people they don't have enough money to save for college. how do we change that dynamic? >> high irony there. what i try to do, christine, is have people connect the dots between buying cheap made in china cheating products and the loss of their jobs, loss of our manufacturing base, the logs of our tax base, and by the way, few pennies of every dollar we spend there at the great wall of mart is going to build a very powerful military in china that is going to challenge our pacific fleet soon, so if we connect the dots or change our behavior. >> come on, peter. >> we really need to make red, white and blue friday instead of black friday. >> you can grow america without demonizing china. china has its own national interests and strategy. what's ours? john, without -- what does america do? >> you know what, we have to do is s
economy is driving the u.s. economy. 75 misof economic activity. maybe that's not a good economic model if we're sending people out with borrowed money and saving. the same people going out and shopping this past week are the same people they don't have enough money to save for college. how do we change that dynamic? >> high irony there. what i try to do, christine, is have people connect the dots between buying cheap made in china cheating products and the loss of their jobs, loss of our...
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Nov 27, 2012
11/12
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FOXNEWSW
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we believe in stimulating the economy by leaving more money in the economy, more money in the states, more money in the private sector, and that is our philosophy. >>neil: you do not by a poll that says the majority of americans are for sticking it to the rip. >>guest: if you talk to people and you say, do you understand that your boss employs you, and your boss could be richer than you but if you tax your boss more it could be less jobs, that may not be your job but the person trying to get a job whose business does not expand because the taxes increase. people do get that. the president did run on a class warfare, class envy type of argument but he only got 40 percent of the vote in my state so my state rejected the message. >> the way it stands no with the proposals i have heard and senator john mccain could be right there could be a deal in the final hour, a way to avoid this mess, but most of the stuff i see are concessions on the part of republicans on revenue and not just avoiding a rate hike but they could feed on limiting deductions that could cost the rich more? >>guest: i a
we believe in stimulating the economy by leaving more money in the economy, more money in the states, more money in the private sector, and that is our philosophy. >>neil: you do not by a poll that says the majority of americans are for sticking it to the rip. >>guest: if you talk to people and you say, do you understand that your boss employs you, and your boss could be richer than you but if you tax your boss more it could be less jobs, that may not be your job but the person...
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Nov 25, 2012
11/12
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FBC
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net net is no good long-term effects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make money they borrow on the short end meaning they borrow at the low end of interest rates and blended out on a long end meaning the consumer will pay off higher interest-rate and banks make the spread. interest rate curve is not even occur but a flat board. and to be a little more conservative with lending and ben bernanke saying no banks, led to everybody to comes to your door. gerri: we saw how well that worked out last time it happened. >> that is one of the problems we had in 2007-2008 and even in the late 90s and early 2,000s. banks lend to everybody
net net is no good long-term effects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make...
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Nov 22, 2012
11/12
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CNNW
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and their economy is suffering for it. europe faces a similar demographic crisis, but it is trying a more open approach to immigration. how's that going? it's easy to forget that the european union itself is one of the most ambitious migration experiments in history. half a billion people are allowed to roam freely within the eu's borders. many predicted that swarms of people from poorer nations like poland and romania would move to rich countries like germany and france. that never happened. only 3% of working age eu citizens live in a different eu country. but the eu has not dealt well with immigrants from outside its borders. there's been a nasty political backlash. with anti-immigrant parties thriving in greece, the netherlands and france. rather than rejecting these extremists, europe's mainstream politicians have pandered to them. former french president nicolas sarkozy, british prime minister david cameron, and chancellor angela merkel have all declared that multiculturalism in their countries is a failure. >> they
and their economy is suffering for it. europe faces a similar demographic crisis, but it is trying a more open approach to immigration. how's that going? it's easy to forget that the european union itself is one of the most ambitious migration experiments in history. half a billion people are allowed to roam freely within the eu's borders. many predicted that swarms of people from poorer nations like poland and romania would move to rich countries like germany and france. that never happened....
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Nov 27, 2012
11/12
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the economy has slowed down and we need to get people back to work and to get the economy recovered. we're burning a lot more clean- burning natural gas today and that is displacing other forms of energy. that was made possible because of hydraulic fraction. the price has been pushed down from about $13 to about $3. we do understand the relationships between various forms of energy. we take our responsibility seriously. we have the lowest commissions in many years. host: the climate change conference is taking place in qatar. a new round of talks is beginning. the developing countries have been asked to focus on the essential tasks ahead. what are you concerned about this? guest: i think the united states should go over there with her head held high. look how we reduced our clean burning emissions. we're back to where we were 20 years ago. too many people expect to have an answer immediately and you can do that in energy policy. it took us 100 years to get off wood. we try focus on realistic aspirations. that is what we should be talking about. host: back to the keystone discussion o
the economy has slowed down and we need to get people back to work and to get the economy recovered. we're burning a lot more clean- burning natural gas today and that is displacing other forms of energy. that was made possible because of hydraulic fraction. the price has been pushed down from about $13 to about $3. we do understand the relationships between various forms of energy. we take our responsibility seriously. we have the lowest commissions in many years. host: the climate change...
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Nov 27, 2012
11/12
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CNBC
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it doesn't seem to show an economy that is all that worried about what's like ahead for us. >> not on the consumer side. before we have seen the consumer doing well, oblivious to the cliff but measures of business sentiment declining because of the cliff. today, consumer measures continue to look pretty decent and business measures came in not too bad, pretty decent. look. durable goods up changed, we expected them to be negative and business investment up 1.7%. consumer confidence up, not too bad a number. chain store sales for the week ending saturday, including black friday. the best saturday or week ending saturday after thanksgiving that i could find back to 1990. case-shiller home prices continue their march upward. look at consumer confidence and the cliff. i want to show you the two-year chart heerz that dip you see in the middle of your screen there, that is the last debacle, the debt ceiling debacle. can't see it here yet. so you don't get excite about the numbers, give you a longer view whether it should be if these were normal times, see there off to your left, 85s, 90s, 1
it doesn't seem to show an economy that is all that worried about what's like ahead for us. >> not on the consumer side. before we have seen the consumer doing well, oblivious to the cliff but measures of business sentiment declining because of the cliff. today, consumer measures continue to look pretty decent and business measures came in not too bad, pretty decent. look. durable goods up changed, we expected them to be negative and business investment up 1.7%. consumer confidence up,...
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Nov 27, 2012
11/12
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FOXNEWSW
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in terms of the economy, don't do it in the macro thing to help the economy. no. focus does it enable people to get through a rough patch and get people back on their feet. bill: or do you take the other argument and suggest the more unemployment you receive the less incentive it is for someone to actually find a job? >> well, the benefits are not overly generous on this thing but the key thing to keep in mind is, yes, you don't want these things to go on forever because people will then hold out for that job that may not be out there. so have a definite cuttoff date. people know they may have to take something they don't like at the beginning but that all focuses on we have to focus on getting this economy back on its feet. that is something that seems to beyond the capability of washington right now. bill: if you would argue for extending unemployment benefits, in all likelihood a guy like steve forbes will argue to get spending cuts to offset that increase? but there has not been a desire shown by washington, you know, to cut the spending to make the books matc
in terms of the economy, don't do it in the macro thing to help the economy. no. focus does it enable people to get through a rough patch and get people back on their feet. bill: or do you take the other argument and suggest the more unemployment you receive the less incentive it is for someone to actually find a job? >> well, the benefits are not overly generous on this thing but the key thing to keep in mind is, yes, you don't want these things to go on forever because people will then...
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Nov 26, 2012
11/12
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their economy is in the tank. we have not seen any deviation. there is a new report showing that they have increased their centrifuge capacity. i believe one of the reasons for that is because the open split between united states and israel, i am not an expert on israeli politics, but everybody tells me that the prime minister will probably be reelected. the president has just been reelected. it is time that we join with israel as far as iran is concerned and a drop red lines and make sure they understand the solidarity there. if assad moved chemical weapons around, he would have to take action. that would be a red line. asssad interprets that as he can do anything he wants to short of that. that is not a good signal to send to bashar assad. david fromearing -- "the new york times" knows more about than i do. after all, he is the voice. [laughter] anyway, that the administration is now reviewing the entire serious issue. i hope they will bring all of us into those discussions so that we can come up with a policy that all of us can support. i hap
their economy is in the tank. we have not seen any deviation. there is a new report showing that they have increased their centrifuge capacity. i believe one of the reasons for that is because the open split between united states and israel, i am not an expert on israeli politics, but everybody tells me that the prime minister will probably be reelected. the president has just been reelected. it is time that we join with israel as far as iran is concerned and a drop red lines and make sure they...
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Nov 27, 2012
11/12
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the economy slows down, courtesy of the fiscal cliff. fedex will still have a reason to go higher because of the restructuring. because we know the company's already cost cutting its way to better earnings. fedex also has a china kicker and we like that. company gets about 30% of its sales from overseas, mainly from asia. but also some europe and latin america. you know i think the chinese economy is in the process of coming in for a soft landing which is incredibly bullish. look, this weekend we got more positive data from china. now that the leadership transition has happened in the communist party, i think the chinese government could be more aggressive about stimulating the economy since they seemed to have got their inflation situation whipped and a rebound in china's economy, what a reason to own fedex in itself. last but not least, i think fedex is worth buying here because the price is right. at the moment the stock is trading at 11 times earnings. we're 20% below where u.p.s. is trading. it isn't that much better. u.p.s. is just
the economy slows down, courtesy of the fiscal cliff. fedex will still have a reason to go higher because of the restructuring. because we know the company's already cost cutting its way to better earnings. fedex also has a china kicker and we like that. company gets about 30% of its sales from overseas, mainly from asia. but also some europe and latin america. you know i think the chinese economy is in the process of coming in for a soft landing which is incredibly bullish. look, this weekend...
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Nov 26, 2012
11/12
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the mexican economy, it acts fantastic. this is my favorite rail for a year and i continue to like it. this is like a 401(k) plan. a long-term investment. i don't know why there's so much volume in it, happen to love this stock. there'there is a new panama canl opening. they are positioned better. tracy: that to be charles payne last pic. love you, charles. we have to check on the market as we do every 15 minutes. nicole petallides on the floor of the exchange. talking some of financial names. nicole: let's take a look at knight capital, a name that has gotten a lot of headlines this year, particularly back in august when there was a trading glitch. today the headlines are surrounding knight capital. and whether virtue financial, others perhaps maybe by the market. and there was talks maybe the whole firm of knight capital was available. all this chatter is enough to boost the stock dramatically. up nearly 18% today. great move there. when you take a look at barclays coming under fire by some shareholders, maybe barclays sh
the mexican economy, it acts fantastic. this is my favorite rail for a year and i continue to like it. this is like a 401(k) plan. a long-term investment. i don't know why there's so much volume in it, happen to love this stock. there'there is a new panama canl opening. they are positioned better. tracy: that to be charles payne last pic. love you, charles. we have to check on the market as we do every 15 minutes. nicole petallides on the floor of the exchange. talking some of financial names....
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Nov 29, 2012
11/12
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our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this thing happen? >> i really got the feeling that they understood the stakes here. while they really wanted to hear from us, what they heard from the dozen small business people in the room who represented about 150,000 in our various progressive small business organizations was don't raise taxes on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to
our economy is consumer driven. the more consumers that more money, the better it is for small businesses like me. this puts $2,000 to $3,000 in the hands of regular, ordinary working people who will spend it. the lower taxes on the rich just sends more money outside of our community, outside of our country to make bankers in the cayman islands happy. i am happy to see the president ask regular legislators to contact their legislators. >> do you think the president is trying to make this...
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Nov 22, 2012
11/12
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they were buying into fearmongering about the economy and the effects of the affordable care act. once president obama won a resounding re-election victory, they stuck to the republican script, but they saw they could potentially take a financial hit by making these threats. it's not worth the risk to the bottom line, to be so political. didn't the ceo of papa john's realize that maybe democrats eat pizza as well? joining me tonight, the political editor of the progressive magazine, ruth connif, and john nichols of "the nation" magazine. john, aren't these leaders figuring out they're going to take a hit to the bottom line, when you choose to be political like this, over their business that really has nothing to do with the politics. what do you think? >> sure. it's one of the first lessons in business school. stay out of politics, as regard to your marketing. they can certainly give contributions and they often do. but i really think what happened with the folks at papa john's and this denny's franchise was that they just fell behind the pattern here. the affordable care act has
they were buying into fearmongering about the economy and the effects of the affordable care act. once president obama won a resounding re-election victory, they stuck to the republican script, but they saw they could potentially take a financial hit by making these threats. it's not worth the risk to the bottom line, to be so political. didn't the ceo of papa john's realize that maybe democrats eat pizza as well? joining me tonight, the political editor of the progressive magazine, ruth...
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Nov 22, 2012
11/12
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. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management we find the best, sweetest crafor red lobster that we can find. [ male annncer ] it's time for crabfest at red lobster! this year, try 1 of 5 entrees. like our new snow crab and garlic shrimp. a half-pound of tender crab paired with savory shrimp. just 12.99. or dig into our hearty crab and roasted garlic seafood bake. all with salad and unlimited cheddar bay biscuits. so much to choose from, so little time. so ce into red lobster for crabfest today and sea food differently. >>. >> bill: our team has covered the countdown to doomsday in mexico, in israel and here in new york. but one of oldest structures they have found outside of london, england, to the rising sun in the english countr
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management we find the best, sweetest crafor red lobster that we can find. [ male annncer ] it's time for...
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Nov 29, 2012
11/12
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that's not good for the economy at this point. and i'm really thinking of the home mortgage deduction. >> i think the home mortgage deduction could go. >> entirely? >> beneaneither of the commissi recommend recommended removing it entirely. the deduction which primarily is an advantage for high income people into a credit up to a limit. that would mean that people with much more modest incomes, who now don't itemize their deductions would get the benefit of this credit. it would be hard on high income people with very large houses. but we have just built too many too many large houses, you would have to phase it out. but i think that would be a good solution. >> on the subject of tax reform, i know in simpson-bowles there was a proposal to lower corporate taxes, do you think that is still a possibility if in fact we still move to additional tax reform in 2013? >> i do. i think that broadening the base of the income tax, the corporate income tax is also a good idea. getting rid of a lot of special provisions that riddle the tax and
that's not good for the economy at this point. and i'm really thinking of the home mortgage deduction. >> i think the home mortgage deduction could go. >> entirely? >> beneaneither of the commissi recommend recommended removing it entirely. the deduction which primarily is an advantage for high income people into a credit up to a limit. that would mean that people with much more modest incomes, who now don't itemize their deductions would get the benefit of this credit. it...
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Nov 27, 2012
11/12
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is the economy okay with that? >> it's still uncertain. depends on future political decisions in 2014, 15, 16, 17, 18. it depend -- everything doesn't rest on the decisions we make this year. it's a sequenceoff over an extd period of time and it's possible you could do it gradually. but the idea that we're going to have these politicians agree to a grand bargain that will solve it all, i think that's romantic nonsense. i don't see this -- look, this kindergarten class of political leaders is being held back in winter g kin dar sger tdergarten because couldn't play well last year and they can't play well this year. we don't have to have this level of uncertainty. we don't have to have ceos holding back the capital spending orders because of uncertainty in washington. this is politically created uncertainty. >> you saw one of the things is raising medicare's eligibility to 67 from 65. at some point way in the future. and not everyone's healthy at 67, but a lot more people a healthy at 67 -- >> if mick jagger came keep his job past age 65, th
is the economy okay with that? >> it's still uncertain. depends on future political decisions in 2014, 15, 16, 17, 18. it depend -- everything doesn't rest on the decisions we make this year. it's a sequenceoff over an extd period of time and it's possible you could do it gradually. but the idea that we're going to have these politicians agree to a grand bargain that will solve it all, i think that's romantic nonsense. i don't see this -- look, this kindergarten class of political leaders...
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Nov 28, 2012
11/12
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on people who create jobs in this economy if it is about jobs and the economy. and we all know what drives federal spending in this countryand we have seen no proposal from the president when it comes programs and getting them on athere is a solution out there, solution is to raise taxes on the very people that we're looking to to lead us out of time. >> the president says he is focused on jobs and growth and what republicans are committed to is providing good jobs for working families. and one of the ways we are going to do with the keystone xl pipeline. we joined nine democrat colleagues to write a letter to the president to ask him to meet with us to focus on keystone xl pipeline. wonderful way to do it. talking about 20,000 jobs and the additional jobs related to the direct jobs of the pipeline. focuses on jobs and allow us to continue to produce goods and services in the united states. president, if he truly is focused on jobs and growth should be embracing today and should not continue to delay. >> at the very time we ought to be finding ways to cooperate
on people who create jobs in this economy if it is about jobs and the economy. and we all know what drives federal spending in this countryand we have seen no proposal from the president when it comes programs and getting them on athere is a solution out there, solution is to raise taxes on the very people that we're looking to to lead us out of time. >> the president says he is focused on jobs and growth and what republicans are committed to is providing good jobs for working families....
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Nov 26, 2012
11/12
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the obama economy is booming. all right. we'll get into that and a whole lot more. but first here is the latest from lisa ferguson. good morning. >> hey bill good morning, everyone. hope you all had a happy thanksgiving and just in case you did not get enough shopping in on black friday said is siber monday when retailers will post all of their sales online. the white house is releasing a report on the impact of middle class tax cuts on consumer spending. as we know with all of this talk of the fiscal cluf tax cuts are set to spike at the beginning of next year. according to the new report allowing middle class tax rates to group, along with allowing the current tax cut to expire would change the gdp. this is all part of the president's effort to extent the burr-era tax cuts for americans making less than $250,000 a year, all while incriesing taxes on the wealthy. it seems some members of the dgdp could be coming around and be ready to go against the grover norquist pledge. more bill press after the break. stay with us. you're about to watch an viewer created ad mes
the obama economy is booming. all right. we'll get into that and a whole lot more. but first here is the latest from lisa ferguson. good morning. >> hey bill good morning, everyone. hope you all had a happy thanksgiving and just in case you did not get enough shopping in on black friday said is siber monday when retailers will post all of their sales online. the white house is releasing a report on the impact of middle class tax cuts on consumer spending. as we know with all of this talk...
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Nov 21, 2012
11/12
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economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point that voters will be looking to see if they can do this in a cooperative manner, whether it would be chaotic. it would be important to see that leaders can tackle the big problem and it does not run up against the deadline. a lot of people noticing that he said it's not just that doing this will prevent something bad from happening but that if congress and the president can resolve this quickly and look like they can do it in a cooperative way, it could be a fairly big boom to the economy next year. host: is the headl
economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point...
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Nov 28, 2012
11/12
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i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who is in public service is that they are public servants. they want the country to be better off. no matter how you want to get there. whether or not some people think you're wrong or some people think you're dumb or misinformed, there's a general assumption that if you're involved in politics that means that what you want is a good future for america. you're out to help america, not hurt america. hurting the country on purpose when you know that's what you're doing violates the most basic thing that we think we can assume about why
i will tank this nation's economy. thus wiping away tens of billions of dollars of american wealth by my own decision unless you give me what i want. because i'm the the most reasonable man in washington. we can have disagreements on matters of policy. we can disagree on the tales we tell each other about how to get to the best outcomes for the country. we can even disagree about basic values about what kind of country we ought to be. but the thing you can generally assume about everybody who...
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Nov 21, 2012
11/12
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i have no economy. the only way to change that dynamic, in my urban neighborhood, is to have a more educated population. you have got these city leaders who realize their economy is eroding with every kid who dropped out. if he allowed the same to go in place, does anyone believe it wouldn't affect the dropout rate? >> you talk about foreign competition in china and india getting ahead of us. is the model we have in place for teaching our kids that was built in the industrial age sufficient for the information age? >> that is a softball question. [laughter] >> realisticalno. when we built as education system, summers were also taken work on farms. that is why we have the schedule. when we put that system in place, there were no cars, planes, were electric lights. computers, on and on. we have anline is over allegiance to the system based on the stock to a. my mother went to the school. my grandmother went to the school. you cannot close the school. 95% students were failing and parents were still fighti
i have no economy. the only way to change that dynamic, in my urban neighborhood, is to have a more educated population. you have got these city leaders who realize their economy is eroding with every kid who dropped out. if he allowed the same to go in place, does anyone believe it wouldn't affect the dropout rate? >> you talk about foreign competition in china and india getting ahead of us. is the model we have in place for teaching our kids that was built in the industrial age...
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Nov 28, 2012
11/12
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that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> reporter: now, of course, that's a hope, but getting there is another story. this is very difficult to cross the partisan divide, the ideological divide and the divide of interest, melissa. you've got people who are going to pay real money one way or the other in lost benefits or higher taxes and bridging that divide is going to be difficult. you still have republicans striking a public posture saying they want more spending cuts from the administration and from democrats. democrats want republicans to prove more robustly than they have so far that they're willing to raise taxes. >> john, do you think this is a way of obama being able to point to these meetings when he softens his stance on, for instance, higher taxes for the very highest tax rate? maybe not 39 1/2, maybe more like 35, but he can say i met with these
that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> reporter: now, of course, that's a hope, but getting there is another story. this is very difficult to cross the partisan divide, the ideological divide and the divide of interest, melissa. you've got people who are...
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Nov 24, 2012
11/12
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i think there was very serious damage done to the economy and world economy by the approach as bush has done running up to this and obama has put on steroids. there were many problems with bush allowing the clinton changes with fannie mae and freddie mac to continue, to not be ended. and that was a very big problem. this hostility -- the tea party, i understand because they change the direction of the modern republican party to make it much more serious about spending and it was not before. >> how you fix it? complaining does not work. >> house republicans have already passed a budget that would work. the past an extension of the tax cuts that would work. you go in and have the conversations in front of the american people without ads about how romney is mean to dogs and cause cancer and actually talking about issues. i think that is the debate we need to have. we certainly did not have it in this last election. we can have it now. it is very helpful. i think at the end of the day we will make the right decision, partially because the democrats and terrified -- but cliff he -- obama is
i think there was very serious damage done to the economy and world economy by the approach as bush has done running up to this and obama has put on steroids. there were many problems with bush allowing the clinton changes with fannie mae and freddie mac to continue, to not be ended. and that was a very big problem. this hostility -- the tea party, i understand because they change the direction of the modern republican party to make it much more serious about spending and it was not before....
SFGTV2: San Francisco Government Television
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Nov 27, 2012
11/12
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creation in the city being so incredibly important for both the present and the future, and as our economy continues to sign signs of improvement i'm not going to forget where the jobs go and for the people in terms of hope for the city and of course working with laborers, with our construction contractors, with the labor council. tim is here together as well and mike and working with everybody we have unprecedented announcement today and 100% locally financed project close to $500 million of private investment signifying that they wish to on their volition to be working with the city to hire 25% of their construction work force with san francisco residents. [applause] this is a wonderful, wonderful day. and that as part of that percent goal they are opening up themselves to working with us in an enforceable obligation on this label. rick is here representing for the golden state warriors and at the same time within this goal too we're going to accommodate returning veterans from our war and pllt to be part of this effort too -- [applause] >> yes. and for me it really means putting the wor
creation in the city being so incredibly important for both the present and the future, and as our economy continues to sign signs of improvement i'm not going to forget where the jobs go and for the people in terms of hope for the city and of course working with laborers, with our construction contractors, with the labor council. tim is here together as well and mike and working with everybody we have unprecedented announcement today and 100% locally financed project close to $500 million of...
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Nov 28, 2012
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economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift the debt limit. and all of these issues are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican,
economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift...
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Nov 25, 2012
11/12
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we're trying to help the economy. unless i'm convinced raising tax rates will be beneficial, obviously i think there's reason and grounds for my position. i also believe that we can and must get an agreement, otherwise i think first of all the markets are going to start reacting. >> chris: we'll talk about that in the next segment. finally the g.o.p. republicans had a rough night on election night. let's look at the breakdown of the numbers. you lost unmarried women by 36 points. hispanics by 44 points. young people by 23 points. does your party need to change, especially in its outreach to those groups on social issues like same-sex marriage and immigration reform? >> we have to have a bigger tent. no doubt about it. obviously we have to do immigration reform. there's no doubt whatsoever that the demographics are not on our side and we have to give a much more positive agenda. it can't be just being against the democrats and against harry reid and against obama. you have to be for things. we have to give them the con
we're trying to help the economy. unless i'm convinced raising tax rates will be beneficial, obviously i think there's reason and grounds for my position. i also believe that we can and must get an agreement, otherwise i think first of all the markets are going to start reacting. >> chris: we'll talk about that in the next segment. finally the g.o.p. republicans had a rough night on election night. let's look at the breakdown of the numbers. you lost unmarried women by 36 points....
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Nov 21, 2012
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is that going to help the economy grow or not? taxes on capital, people paid the tax and then you are taxing them again. they will move elsewhere. there will be few er places to work. i would love to see them cut spending back. that is a tax on labor, it is a tax on high income labor and bring in a high revenue. >> you are heard that, what is your take on that one? >> you know, all we are looking to do is raise the capital gains tax to what it was during the clinton years. people built enormous empires and wealth and they didn't go away and they didn't go into other sectors to avoid that capitol gains tax. it was 20%. all we are looking to do is roll back the bush tax cuts which we couldn't afford. and the last ten years are clear evidence that we couldn't afford that. i would put in that he worked well with newt gingrich. but i want to add one point. when you say we need to go back to the clinton tax rates. you have the bamcare taxes. you have a 0.9% payroll tax increase. so you are going to go way past the clinton rates and up t
is that going to help the economy grow or not? taxes on capital, people paid the tax and then you are taxing them again. they will move elsewhere. there will be few er places to work. i would love to see them cut spending back. that is a tax on labor, it is a tax on high income labor and bring in a high revenue. >> you are heard that, what is your take on that one? >> you know, all we are looking to do is raise the capital gains tax to what it was during the clinton years. people...